CPA Practice

JULY 31, 2023

Li earned a BS, Accounting, and MS, Accounting degrees from the University of Connecticut. CLA Announces Advancements Across the Firm CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, recently announced that more than 800 CLA professionals were advanced to a new role.

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CPA Practice

MAY 16, 2024

Unveiling the findings of its previously announced research into the decreasing supply of new certified public accountants (CPAs), the Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is pleased to release its 2024 Insight Special Feature, “Re-Decoding the Decline: An Updated CPA Pipeline Report.”

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CPA Practice

OCTOBER 12, 2023

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. The number of students earning U.S. and 8.4%, respectively.

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Withum

JANUARY 14, 2022

Withum, a national top 25 accounting and advisory firm, announced today that Pat Walsh , Partner and Market Leader for Withum’s National Tax Services Practice, will succeed CEO and Managing Partner Bill Hagaman , after his term ends in 2023. Stern School of Business, earning his MBA.

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Going Concern

OCTOBER 25, 2023

As you may already know the 2023 AICPA Trends report is out , here’s our earlier write-up on how many accounting degrees were completed for the 2021-22 period covered in the new report (saving you a click: it’s 65,035). Today we’re going to look at CPA exam candidate numbers.

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CPA Practice

OCTOBER 3, 2023

CPA Practice Advisor analyzed starting salary projections from Robert Half’s 2023 and 2024 salary guides to determine how much average starting pay is expected to increase next year for each of the eight positions featured. The results were: Tax services Senior manager/director: 7.8% Manager: 0% Senior tax associate: 4% Tax associate: 2.8%

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Going Concern

MARCH 17, 2023

When evaluating the decision to pursue legislation, the MNCPA board focused on attracting students to the accounting degree and, ultimately, CPA certification. Both college accounting programs and the profession will benefit with more students enrolling in accounting programs.

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CPA Practice

AUGUST 30, 2023

How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. You don’t have to be a CPA.

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Going Concern

AUGUST 16, 2022

.” That’s what a stakeholder told me recently when we spoke about the accountant shortage and the growing gap between students getting accounting degrees and recent graduates sitting for the CPA exam. 150 hours is the rule and accounting is nothing if not a pile of rules.

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CPA Practice

MAY 30, 2023

If that trend were to continue, then more people should take the CPA exam in 2023, as another round of significant changes to the exam are slated to start on Jan.

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CPA Practice

JANUARY 18, 2023

Applications for the 2023-2024 school year are available now, with scholarships granted in 2023. Interested students should apply for Fall 2023 for admission to the Fordham University Gabelli School of Business MS in Accounting or MS in Taxation by March 31, 2023 , and then separately apply to be considered for the DFASP.

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Going Concern

MAY 9, 2023

Interesting because right around that time, the AICPA was observing a gap in people who graduate with an accounting degree and people who go on to sit for the CPA exam. Additionally, US accounting degree completions peaked in 2015-16 and have trended down since.

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CPA Practice

MARCH 22, 2023

But in an article for Accounting Today that was published earlier this month, Blake Oliver, a CPA who specializes in accounting technology and is the founder of Earmark CPE, estimated that the cost of the 150-hour rule is more than $2 billion. On to the House!!

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CPA Practice

JUNE 12, 2023

This scholarship provides financial assistance to Indiana CPA Society (INCPAS) student members pursuing their accounting degree and entry into the CPA profession. Scholarships are $1,000–$2,000 per year and renewable for up to $5,000 total per recipient, dependent on recipient meeting the renewal criteria.

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CPA Practice

NOVEMBER 29, 2023

Corder received his accounting degree from Texas Christian University and holds an M.S. in Accounting from the University of Texas at Dallas.

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Going Concern

JUNE 28, 2024

People Number of professionals at the leading accounting firms in the United States in 2023 [ Statista ] With almost 140,000 professionals employed in 2023, Deloitte represented the largest accounting firm in the United States in terms of staff. To learn more about these initiatives, see BDO’s 2023 Audit Quality Report.

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Going Concern

MAY 20, 2024

Thanks to the widespread distribution efforts, 7,780 accounting students, graduates, and young professionals under the age of 35 who were pursuing or had pursued accounting degrees and careers—including CPAs and non-CPAs—completed the survey, including 3,287 full- or part-time students. Find it, and other ICPAS insights, here.

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Going Concern

SEPTEMBER 1, 2023

Check out this week’s top remote accounting candidates. Check out this week’s top remote accounting candidates. Prosecutors say Phebs Software Services LLC did business as both Phebs Software Services and Quickbooks Accounting. Is your firm hiring? Not finding the talent you need?

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Accounting Insight

MARCH 8, 2023

Trouble finding qualified staff continues to be a top concern for accounting firms of all sizes, according to the AICPA’s 2023 Top Issues Survey. Workers who may lack an accounting degree but have a business background, or bookkeeping and tax experience, may be a good fit for client accounting services and certain tax engagements.

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CPA Practice

NOVEMBER 3, 2023

College graduates with accounting degrees , CPA exam takers , new entrants to the accounting workforce —all these metrics and our experience make us feel there’s a lack of interest in our industry. You can sense the collective anxiety brewing: Is our industry running low on accounting talent? By Andrew Argue, CPA.

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CPA Practice

JUNE 19, 2023

Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in financial data , which will require even more staff work. The problem won’t be solved by waiting for somebody else to handle it.

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Going Concern

JANUARY 6, 2023

Wooooo it’s the first Footnotes of 2023! The program, spearheaded by six major accounting groups, also aims to entice Black professionals who already have accounting degrees or MBAs to teach accounting to the next generation of accountants. Withum Acquires IPA 200 Firm [ INSIDE Public Accounting ].

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Going Concern

JANUARY 12, 2024

Mentors of interns or students working towards their accounting degree, should counsel them to identify and select courses that may assist with developing the key skills/competencies and learning objectives that the new CPA exam format emphasizes.

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CPA Practice

JANUARY 11, 2024

He earned a BBA, Accounting, and MS, Accountancy, from the University of Notre Dame, is a licensed CPA in Connecticut, and has experience with Oracle and Hyperion. BWK responds to increased demand, grows staff by 20% in 2023 Minneapolis CPA firm Barton, Walter & Krier, P.C. BWK) recently expanded its staff by 20%.

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Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. Between a wave of retirees and a drop in the number of people graduating with accounting degrees, the whole profession is struggling to staff up. “We

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Going Concern

JULY 14, 2022

As we reported in April: The 2021 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report released a couple weeks ago tells us that the number of accounting graduates trended downward in the 2019–2020 academic year (most recent data available), with decreases of 2.8%

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CPA Practice

MAY 25, 2023

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. The following honorees will be recognized at the ICPAS Leadership Recognition and Awards Dinner on June 8, 2023, in Chicago.

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Going Concern

AUGUST 29, 2023

Accounting is a field with high demand, and successful accounting students are virtually guaranteed employment upon (or even prior to) graduation. I’m involved in recruiting for one of the largest accounting firms in Connecticut. Everyone who leaves school with an accounting degree seems to get a job.

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